Midpoint Holdings - Announcement of Financial Results, 12 Months Ending June 2017
Midpoint Holdings Limited (TSX.V: MPT) announced on the 31st October 2017 its annual financial results for the 12-months (12m) and the quarterly results for the 4th quarter (4Q) ending June 2017. The Company has been able to demonstrate considerable financial progress during the year reporting significant growth in revenues and a greatly reduced net loss which benefitted also from the improved expense performance. Midpoint Holdings Limited’s (TSX.V: MPT) previous financial statements have always carried material uncertainty and substantial doubt about the Company’s ability to continue as a going concern. These are the first set of annual results announced where the current management team led by David Wong, CEO and Corbin Comishin, CFO has been in place for the entire period. We are very pleased to note from the independent auditor’s report that the improvement relieves company of past going concern. Midpoint Holdings Limited’s (TSX.V: MPT) filings noted that Wong and Comishin were appointed in November 2015 and as of September 30th, 2015 the business had cash of $129,827 with liabilities of $447,813. Investors have also taken notice of management’s efforts which have been reflected in the share price performance.
MIDPOINT HOLDINGS LTD. is a Canada-based company, which provides products and services.
Capital Network is the foremost authority on utilising digitisation to allow companies to achieve their corporate goals, whether those goals pertain to raising capital, increasing investor awareness, boosting liquidity or allowing the business to flourish. We are proud to deliver bespoke, industry-leading services to a broad range of capital market clients. To deliver on our range of digitised services clients are assigned tier-1 analysts who have extensive sector knowledge, numerous accreditations and a track record of delivering success.
The investor community is evolving and we allow investment banks, fund managers, hedge funds, wealth managers, trusts, family offices and private investors the capacity to access new investment ideas as well delivering further insight into their current portfolio. In addition to driving value for our diverse client base, we empower investors with our digital solutions.
Our approach to serving clients takes a traditional method of doing first-class business in a first-class way, in conjunction with implementing the most technologically advanced services for them. We strive to build trusted, long-term relationships built on diligence and foresight, and identifying ways to help clients achieve their most important business objectives.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.